Funding arb · Price arb / Crypto
TRUMP
All TRUMP markets →
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.0350 | +0.0904 | pay 0.0113% / 1h | 46m 18s | $200K | $399K | 50x | Long Coinbase International | |
| SHORT | 2.0425 | +0.0096 | get 0.0012% / 1h | 46m 18s | $66K | $202K | 20x | Short Popdex |
Price gap+0.369%
Funding gap−0.0808% /8h
The gap pays +$53 on $10k if it goes back to its 7d average, but funding costs $24 a day and eats that in about 2.2 days. At the last 7 days' pace that is about 8.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$35−0.0808% /8h now · paid −0.355% over the last 6 days (all we have)
Price+$53spread +0.369% now, avg −0.156% → +0.525% if it goes back
Costs−$640.637% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 6 days it paid −0.355% in total, about −0.0213%/8h on average.
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Popdex price against Coinbase Internationalnow
RANGE STATS · 7D
Now+0.369%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hTRUMP on 32 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size17.2 / 14.5 bpAt $10k entering Coinbase International costs 17.2 bp, fee and slippage, 1.2× Popdex’s.
- Note: Margin at max leverage$200 + $500Coinbase International 50x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$24.24Long Coinbase International: 24 payments, −$27.12; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you+0.369% vs −0.156%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$66K vs $200K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCCoinbase International Yes · Popdex NoID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0213%/8h × 21 periods−$44.72
Price spread+0.369% → −0.156% (7d avg)+$52.50
Slippage, 4 orderslive order books−$47.26
Fee Coinbase International bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$55.87
Costs to cover0.637%Break-evennever at this rate
Slippage: Coinbase International: live order book, 12 min ago; Popdex: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGCoinbase International12.2217.2 bp−$1724.4 bp−$244doesn’t fitdoesn’t fit
SELL · SHORTPopdex3.4214.5 bp−$15120.3 bp−$1,203doesn’t fitdoesn’t fit
Closing costs about the same again.
Phemex